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Activity in New Zealand’s services sector remained in contraction for a fourth consecutive month, according to the BNZ - BusinessNZ Performance of Services Index (PSI).
The PSI for February was 49.1, which was up 1.1 points from January (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). However, it was still well below the long term average of 53.8 for the survey.
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Activity in New Zealand’s services sector improved from the previous month, but still recorded contraction, according to the BNZ - BusinessNZ Performance of Services Index (PSI).
BusinessNZ
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The BusinessNZ family has its roots in four large regional organisations of member businesses that together cover the entire country.
By joining the regional business organisation in your area, you automatically become a member of BusinessNZ.Join now
Activity in New Zealand’s services sector fell back into contraction during November, according to the BNZ - BusinessNZ Performance of Services Index (PSI).
The PSI for November was 46.7, which was down 4.1 points from October (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was the lowest level of activity since May 2020.